jersey - exempt companies

Jersey(exempt companies)

(Fees quoted are exclusive of VAT)

Requirements:

  • All Jersey companies must have a registered office in Jersey.
  • Minimum of one director (corporate entity not acceptable).
  • Jersey Resident Nominee director(s) will suffice, see below.
  • A minimum of one shareholder is required.
  • A company secretary (corporate is acceptable) is required.
  • No Annual accounts need be filed.
  • Annual return to be filed in January each year.

Information required for registration:

  • Proposed name(s) for approval. It is advisable to give several alternatives.
  • Jersey due diligence questionnaire
  • Main objects

Time taken to incorporate: The name approval takes 48 hours. Once approved and reserved, incorporation normally takes 14 working days.

Fees
Incorporation cost (subject to all necessary documents being submitted to the satisfaction of the Jersey authorities, “Same day” incorporation is available at an extra cost of £450)
£1,250
Submission of application for Jersey Exempt Tax
£150
Registered office/Agent fee

£650
Total

£2,050
Annual costs thereafter include:
Annual return fee, per annum (to be filed in January each year, penalties will be levied for late filing)
£150
Registered office/Agent fee
£650
*Exempt company tax (payable if company is trading)
£600

*If the Company is to trade (but must not trade in Jersey), an application must be submitted together with a tax of £600 for exempt status within 3 months of incorporation, and thereafter annually before 31st March each year. Alternatively we can file a nil tax return if the company is to remain dormant.

Nominee services available:
Jersey Resident Director(s) package (number of director(s) dependent on each company structure)
£650
Company secretary
£200
Other services:
Opening of offshore bank account
Time spent basis
Provision of bank signatories
Time spent basis

Maintenance services
Fees will be charged for additional services on a time-spent basis.

Dissolution services
Summary winding up
£550
Strike off process (this fee relates to the provision of Registered Office/Agent to dissolution)
£500

PLEASE NOTE WE REQUIRE ALL CLIENTS TO SATISFACTORILY COMPLETE OUR DUE DILIGENCE REQUIREMENTS AND COMPLY WITH THE MONEY LAUNDERING REGULATIONS 2007.